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Dec 12, 2012
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what the fed has just done has -- it's done damage to the u.s. dollar. the beneficiaries will be stocks. beneficiary will be gold. beneficiary will be the canadian and new zealand dollars. >> so commodity currencies get a boost out of this. >> not a question. >> thanks. the commodity king. >>> mariott shares are up as the company transitioned successfully no a new ceo. fromity small days as a root bear stand, mariott has always been family affair. as i found out in my documentary, behind closed doors at mariott, bill mariott may come off as a mild-mannered i go. but he is anything but timity when it comes behind one of his vintage racers or his company. >> blasting by in his rare 1950s mercedes, you may not recognize him. but take another look and you may realize you've seen that face before. >> these are fast car nets old days. won a lot of races. >> he is bill mariott. billionaire and recently retired ceo of the hotel dynasty that bears his name. >> i think is important for the customer to know that there's a family and a person behind the name. >> in
what the fed has just done has -- it's done damage to the u.s. dollar. the beneficiaries will be stocks. beneficiary will be gold. beneficiary will be the canadian and new zealand dollars. >> so commodity currencies get a boost out of this. >> not a question. >> thanks. the commodity king. >>> mariott shares are up as the company transitioned successfully no a new ceo. fromity small days as a root bear stand, mariott has always been family affair. as i found out in my...
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Dec 12, 2012
12/12
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we welcome back our chief, the u.s. equities strategist tom lehman and predictions for the new year. welcome back. >> thanks, bill, thanks, mannedy. >> what are you looking for in 2013? >> it's a continuation of the bull market, so, you know, we see s&p reaching 1580, but i think there's going to be some variations to this year. you know, the first is i think the economy will really surprise us both on housing starts hitting close to 1 million and credit finally easing, some of the things jamie dimon talked about this morning. the second is i think timing will be tricky. i think the first half will be potentially a period where the stocks could see a big selloff >> you like the second half a lot better. why? >> i think the second half is when the economy really strengthens, that you start to see the credit outperformance and the valuation gap closing, and i think we get much more conviction about a china recovery and europe exiting recession so those really support stocks. >> what are you basing it on when you say we'll
we welcome back our chief, the u.s. equities strategist tom lehman and predictions for the new year. welcome back. >> thanks, bill, thanks, mannedy. >> what are you looking for in 2013? >> it's a continuation of the bull market, so, you know, we see s&p reaching 1580, but i think there's going to be some variations to this year. you know, the first is i think the economy will really surprise us both on housing starts hitting close to 1 million and credit finally easing,...
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Dec 3, 2012
12/12
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obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their own offshore gambling website a few years ago, but to stay within the law, they could only accept bets from gamblers outside the u.s. >> we just didn't make any money; that was the problem. >> so you shut it down. >> we did. >> it's all very odd. >> well, no, it is odd. there's no doubt about that. i mean, there's gaming in every state but two states in the united states. if it's legal there and if it's regulated and taxed and we're comfortable with it there, why don't we allow it also in the area of internet where people--so much commerce is going through the internet right now? it makes no sense. >> even so, no one in congress is pushing for legalization. in fact, senator jon kyl, republican of arizona, is going the other way. he h
obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their own offshore gambling website a few years ago, but to stay within the law, they could only accept bets from gamblers outside the u.s. >> we...
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Dec 4, 2012
12/12
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it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many gulf states have them. intelligence indicates that the iranians either stole or perhaps bought this from under the table from some gulf state nation. but it doesn't appear that according to the u.s. navy, anyway, that there's any truth to the claims that the iranians actually seized a u.s. navy drone. >> all right, jim. thanks very much. >> we want to get to mary thompson. we have more breaking news right now on the arrest of a trader. mary. >> hey there, bill. this is about a securities trader, david miller. he's been arrested for wire fraud and charged with wir
it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many...
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Dec 5, 2012
12/12
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the third and the most important thing is the u.s. economy is the most vibrant, adaptable, innovative and creative economy on the planet. i think that means we're coming out and starting to see that in many sectors today. we're bullish and think you need to look at this on a positive frame. >> maria, i'm less bullish than that. that sounds very optimistic. i would love to believe that, but if you compare valuations of equities versus bonds, yes, there's a huge spread right now, but that doesn't necessarily make equities really cheap. it's just a relative trade. i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you
the third and the most important thing is the u.s. economy is the most vibrant, adaptable, innovative and creative economy on the planet. i think that means we're coming out and starting to see that in many sectors today. we're bullish and think you need to look at this on a positive frame. >> maria, i'm less bullish than that. that sounds very optimistic. i would love to believe that, but if you compare valuations of equities versus bonds, yes, there's a huge spread right now, but that...
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Dec 20, 2012
12/12
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the u.s. is 37% of sales. europe is 17% of sales. at 20 times earnings, these guys with 20% roe, these guys are worth owning here and 2% div. broke through 100, the stock actually looks like it's breaking out. >>> coming up next, which of the world's xheechs will be the leader of the pack in 2013? bruce kasman is here with his predictions for next year. we'll tell you if you should get in on this trade. stay tuned. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups!
the u.s. is 37% of sales. europe is 17% of sales. at 20 times earnings, these guys with 20% roe, these guys are worth owning here and 2% div. broke through 100, the stock actually looks like it's breaking out. >>> coming up next, which of the world's xheechs will be the leader of the pack in 2013? bruce kasman is here with his predictions for next year. we'll tell you if you should get in on this trade. stay tuned. [ male announcer ] trading's like a high-speed train. and you don't...
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Dec 14, 2012
12/12
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you buy multi-national u.s. global companies with better accounting control. >> michael, thank you very much. >>> gold prices are on the down side for this week. it's been kind of a brutal week for the precious metals. final floor trades in metals being made right now. live coverage of the close is coming up on "power." >> announcer: cnbc program is sponsored by mercedes benz. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to hi
you buy multi-national u.s. global companies with better accounting control. >> michael, thank you very much. >>> gold prices are on the down side for this week. it's been kind of a brutal week for the precious metals. final floor trades in metals being made right now. live coverage of the close is coming up on "power." >> announcer: cnbc program is sponsored by mercedes benz. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect...
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Dec 13, 2012
12/12
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i think ultimately, you know, u.s. domestic equities are still a place to be, still a risk-on appetite. although, like i said, there is probably a little more appetite for risk management or hedging of the flows so we're seeing interest in a lot of different areas. hedge fund replication, long/short equity strategies. a particular fund recently launched, mrgr, the pro shares merger fund, strategies like that, alternative strategies that provide you equity upside with long short protection on the downside as well. >> we were talking earlier, another down day following a fed meeting like we got in september, with you this time they are not exactly rushing to the safe havens either, are they? >> no, no. gold is o.you're seeing all of the sectors are off, reits, health care, you name it. >> what is that saying? >> in for some volatility. the vix isn't playing along but it always doesn't. i think we ought to keep the political speakers out of the game. >> are they grandstanding? >> that's exactly right. we don't have to pay
i think ultimately, you know, u.s. domestic equities are still a place to be, still a risk-on appetite. although, like i said, there is probably a little more appetite for risk management or hedging of the flows so we're seeing interest in a lot of different areas. hedge fund replication, long/short equity strategies. a particular fund recently launched, mrgr, the pro shares merger fund, strategies like that, alternative strategies that provide you equity upside with long short protection on...
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Dec 4, 2012
12/12
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there are reports tonight that the u.s. and allied intelligence have detected syrian movement of chemical weapons components the use of which is a red line for the united states. take a listen to president obama this afternoon. >> i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> all right. talk about this here now is syndicated radio talk show host my great pal john. john, the president said there will be serious consequences. does that mean we'll go to war? >> we are at war. this is a civil war in syria and the u.s. is sponsoring the coalition that means to regime change in damascus. that's the coalition of cairo, morrissey ankora. we're at war. >> the question is coming back to the president's statement i thought, john, we detected movement whether it's parts or trucks or whatever, if we de
there are reports tonight that the u.s. and allied intelligence have detected syrian movement of chemical weapons components the use of which is a red line for the united states. take a listen to president obama this afternoon. >> i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will...
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Dec 12, 2012
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exports and u.s. firms, but number two, the uncertainty that small businesses in particular face and their reluctance to expand. on the one hand we think it's a little better growth than we've seen, but we think the uncertainties that smaller businesses in particular face is going to keep a lid on growth, and so what we see is an extension of the rather slow-growth environment had a we've seen that will help propel equity prices higher but not dramatically over the next year or two. >> bob pisani likened the fiscal cliff to y2k, and it is to a certain degree, at least in terms of decision and hiring and that kind of thing, it's creating some kind of paralysis. you talked to the traders here on the floor of the stock exchange. is it creating paralysis for them as well? they are not making any big bets until they know what happened. >> y2k created a lot of talk but didn't have impact on the stock market. i was here for that. the fiscal cliff has more impact, and it did today. i watched what the markets
exports and u.s. firms, but number two, the uncertainty that small businesses in particular face and their reluctance to expand. on the one hand we think it's a little better growth than we've seen, but we think the uncertainties that smaller businesses in particular face is going to keep a lid on growth, and so what we see is an extension of the rather slow-growth environment had a we've seen that will help propel equity prices higher but not dramatically over the next year or two. >>...
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Dec 6, 2012
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cook say, brian, why he wants to bring mac production back to the u.s.? is it really just because he thinks it's the right thing to do or because it's economical now or what? >> well, he didn't speak to motive but i am guessing, tyler, given all the talk about china, given all the china problems they've had, working conditions, salaries, his forced trip over there, i'm guessing they think this would and good idea. they talk a lot about skilled labor over here and not educating the kinds of workers they need. but it's just one of the points he kind of scatters through this first real interview which was months upon months in the making, as i need not tell you. >> yes, indeed. sometimes dealing with apple, it takes a long, long time to get through. but once you do, they're very forthcoming. brian, did he speak at all to -- i don't want to use the word burden but in some ways it is a burden. they don't produce a lot of products every year but they do produce products that they consider revolutionary, that changes for the greater good the american society and
cook say, brian, why he wants to bring mac production back to the u.s.? is it really just because he thinks it's the right thing to do or because it's economical now or what? >> well, he didn't speak to motive but i am guessing, tyler, given all the talk about china, given all the china problems they've had, working conditions, salaries, his forced trip over there, i'm guessing they think this would and good idea. they talk a lot about skilled labor over here and not educating the kinds...
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Dec 6, 2012
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boy, the u.s. consumer is fickle. >> we are. >> one of the ideas to continue to bring gay products by tesla. remember when someone said that? but that just shows the absurdities we've reached. what would you do next? they're not sure he want to do tvs. tried make a smaller ipad. different colors? >> if you had told me a computer program would create a device to play songs, i probably would have told you you're crazy. sometimes there are people smarter than we are. >> but there's no -- based on valuation metric, you cannot explain -- no reason why that stock should have dropped from 700 or whatever it was back to 500. based on valuation. the penetration of the iphone in the total smartphone market is still down here. no reason that should have happened except that it does happen. >> that's why i buy into santelli's take on this. he was the one saying last week that the reason you're seeing stuff like that, the best thing he can do to explain it, he thinks that it's because what you see are the big w
boy, the u.s. consumer is fickle. >> we are. >> one of the ideas to continue to bring gay products by tesla. remember when someone said that? but that just shows the absurdities we've reached. what would you do next? they're not sure he want to do tvs. tried make a smaller ipad. different colors? >> if you had told me a computer program would create a device to play songs, i probably would have told you you're crazy. sometimes there are people smarter than we are. >> but...
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Dec 17, 2012
12/12
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overall it's going to be a big theme here domestically in the u.s. cheniere is a pioneer in that. >> bond yields are moving higher today after news that speaker boehner proposed a counteroffer to avert the fiscal cliff. but with fields on the ten year still sitting below 1.75%, does the path of least resistance point higher? let's go to jackie deangelis the host of cnbc.com's futures now. >> good afternoon scott. don't look now but over the past two weeks, bond yields have made a massive run higher. remember as bond prices fall the yields rise. so if we do get a deal on the fiscal cliff, is it worse for bonds yet to come? anthony is at the nymex and jeff is at the nasdaq. jeff a fiscal cliff deal would be good for stocks but how big of a danger would be it for bonds? >> jackie, we are seeing these treasury prices down like you said and the yields rise. but if we do get that fiscal cliff, specifically the long end of the curve, the ten year, the 30 year can really let out and to joey t.'s point earlier, you see that rotation out of trernries. should r
overall it's going to be a big theme here domestically in the u.s. cheniere is a pioneer in that. >> bond yields are moving higher today after news that speaker boehner proposed a counteroffer to avert the fiscal cliff. but with fields on the ten year still sitting below 1.75%, does the path of least resistance point higher? let's go to jackie deangelis the host of cnbc.com's futures now. >> good afternoon scott. don't look now but over the past two weeks, bond yields have made a...
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Dec 7, 2012
12/12
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the ceo of the u.s. division will join us exclusively to talk about how he plans to keep those sales motoring along and whether he is hiring. >>> speaking of hiring, with millions still out of work, why are manufacturers having a tough time filling new positions? phil lebeau searching for answers? wheeling, illinois. >> tyler, the answers will surprise you. at this plant, the ceo says i would hire ten people immediately if i could. guess how many applicants he has for some of the jobs right now? zero. we'll explain why when "power lunch" returns. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> jobs are front a
the ceo of the u.s. division will join us exclusively to talk about how he plans to keep those sales motoring along and whether he is hiring. >>> speaking of hiring, with millions still out of work, why are manufacturers having a tough time filling new positions? phil lebeau searching for answers? wheeling, illinois. >> tyler, the answers will surprise you. at this plant, the ceo says i would hire ten people immediately if i could. guess how many applicants he has for some of the...
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Dec 12, 2012
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one for u.s. viewers on the statistics, u.s. in 2012, it's producing 6.5 million barrels of oil equivalent. that is the highest levels in 15 years. set in 2013 to produce over seven million barrels, the highest levels in 20 years. no wonder paperworkopec's worri demand. >> especially with the situation with shale and natural gas and everything. thank you very much. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern if a deal doesn't get done by the end of the year. >>> also, what the ceo of walmart thinks about that, as well. he had really explosive data. mike duke last night. we'll bring it to you. "squawk box" is coming back. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, an
one for u.s. viewers on the statistics, u.s. in 2012, it's producing 6.5 million barrels of oil equivalent. that is the highest levels in 15 years. set in 2013 to produce over seven million barrels, the highest levels in 20 years. no wonder paperworkopec's worri demand. >> especially with the situation with shale and natural gas and everything. thank you very much. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern...
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Dec 5, 2012
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highest ranking u.s. businessman was warren buffett. i believe the third businessman in the list -- we have the third one there? i forget who it was -- oh, mike duke of walmart. >> sure. well, it's interesting. if you look at the criteria we've chosen and the people in that top ten, it's hard to argue with the leader of the free world who just won the electoral college, the popular vote and those seven states that we talked about? he won all seven of them. it is hard to argue that he isn't the most powerful man. as you go down through the list, angela merkel. she's a politician, not a business person but she's certainly got a business responsibility. she's carrying the weight of the eu on her shoulders in a very real way. >> as we move -- so basically political power and influence over people and economies trumps the individual leaders of companies. >> particularly that last piece because the economies are so important. and fortunes -- >> i was curious as i looked through the list of other politicians that the sort of second ranking ame
highest ranking u.s. businessman was warren buffett. i believe the third businessman in the list -- we have the third one there? i forget who it was -- oh, mike duke of walmart. >> sure. well, it's interesting. if you look at the criteria we've chosen and the people in that top ten, it's hard to argue with the leader of the free world who just won the electoral college, the popular vote and those seven states that we talked about? he won all seven of them. it is hard to argue that he...
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Dec 31, 2012
12/12
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the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >> first off, i'm optimistic because it is a step in the right direction. all it is, is a step. big stuff to work on. >> that said and i talk a lot to counter parts, we are all operating in this mode we are in flat economies and a few bright spots around and you jump on those and anything with the solution, is pretty short term and there is a lot bigger stuff to do before we can grow the u.s. i'm a big optimist on the u.s. but we have work to do. >> david, in the lead up to this fiscal cliff deadline, a lot of ceos we have spoken to have said, just the uncertainty that the tax rates will b
the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >>...
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Dec 3, 2012
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and while the u.s. faces a fiscal cliff, which hopefully we can avoid, europe faces a financial cliff because the u.s. has restructured its financial institutions and europe has not. what about the practical implications of that fact? >> well, i think -- i mean, that is a big ongoing dilemma, but i think the thing that people are understandably relieved about, and here is a super mario moment, this spiral between sovereigns and the house of banks appears famous last words, but being broken a bit in europe. and that is definitely a -- so the absolute worst appears to have been taken out of the oh kwagz. but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you
and while the u.s. faces a fiscal cliff, which hopefully we can avoid, europe faces a financial cliff because the u.s. has restructured its financial institutions and europe has not. what about the practical implications of that fact? >> well, i think -- i mean, that is a big ongoing dilemma, but i think the thing that people are understandably relieved about, and here is a super mario moment, this spiral between sovereigns and the house of banks appears famous last words, but being...
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Dec 14, 2012
12/12
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u.s. manufacturing data the best since april. >> we should really be higher and we're not. the reason for that is that you've got apple down, all of the component plays that go alongside that like qualcomm and sky works and arm holdings so that is really what is holding it back today and i think we now have to pay attention to the fundamental slowing as well. >> you know, going on what pete said a little bit here, i think one of the things we're seeing, also, besides the tech selling and i agree on that is there is also still a little bit of hangover. there was a big disappointment apple did not pay a special difficult denld. they spent over a hundred billion dollars in cash. i think people really expected they would do something with it in terms of the tax selling this year. beyond that i think the thing to look at for today's trading is the 505 level, a big level in terms of what the technical traders are looking at. we saw it down to about 507 so far today. i just think we may go down as pete said to hold back a little bit. i do believe though that that is a level that i
u.s. manufacturing data the best since april. >> we should really be higher and we're not. the reason for that is that you've got apple down, all of the component plays that go alongside that like qualcomm and sky works and arm holdings so that is really what is holding it back today and i think we now have to pay attention to the fundamental slowing as well. >> you know, going on what pete said a little bit here, i think one of the things we're seeing, also, besides the tech...
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Dec 1, 2012
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you look at after hearing that segment on the u.s. government making the decision to debase paper coins by turning them into -- paper money by turning them into junk disposable paper coins? well what would you rather own? the ten-year american bond, treasury bond yielding what, 1.6%? or would you rather have a spanish bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spain over the united states at this point any day. >> all right. >> so don't agree at all. do not agree at all. look, retail sales in spain are down 9.7% year-over-year. they're seeing the biggest bank run in spain the globe has seen since the great depression. youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. sp
you look at after hearing that segment on the u.s. government making the decision to debase paper coins by turning them into -- paper money by turning them into junk disposable paper coins? well what would you rather own? the ten-year american bond, treasury bond yielding what, 1.6%? or would you rather have a spanish bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spain over the united states at this point any day. >> all right. >> so don't...
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Dec 7, 2012
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we focus so often on u.s. and u.s. companies. the chinese may not be doing a lot of investing for various reasons including political considerations, but they are investing around the world aggressively when it comes to resources. no deal more reflective of that than the one we are waiting for, investors in takeover space are waiting for approval if it does, i'm talking about cnooc's. we'll see if that deal is going to occur. many expect that it will. that seems to be where it is. one never knows on these important issues but again another deal, important deal adding to that very large total for m&m out of china. >> something to watch going into 2013. >>> whirlpool has had the fourth best performance on the s&p 500 so far this year. we'll talk to the ceo about his plan to expand in the united states coming up in the next hour. >>> more reaction to this morning's jobs report. it's an exclusive with goldman sachs chief economist jan hatzius. early movers topped off by sears up 4.5%. >>> i'm sharon epperson at the nimax. interesting
we focus so often on u.s. and u.s. companies. the chinese may not be doing a lot of investing for various reasons including political considerations, but they are investing around the world aggressively when it comes to resources. no deal more reflective of that than the one we are waiting for, investors in takeover space are waiting for approval if it does, i'm talking about cnooc's. we'll see if that deal is going to occur. many expect that it will. that seems to be where it is. one never...
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Dec 13, 2012
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. >> is 2013 going to be a good year for investors in the u.s. or what? >> i think it will be. assuming we have some sort of resolution maybe not even by december 31. i think that what you see right now, tyler, is corporate profits so high, interest rates are so low, i just think there is too much money in the system. >> january 1 is one deadline. other deadline is inauguration day. that will do it for "power lunch," sue? >> "street signs" starts now. see you tomorrow. >> welcome to "street signs." topping your headlines today, what the -- tying job less rate to the cost rate? i can't go for that. we will ask the man who runs google heim's millions. our chart will lay out the real case. why are so many of us willing to pay what some call the apple tax? is d.c.'s problem revenue or spending? or stat of the day will help you make up your mind, mandy, if it doesn't blow your mind, first. >> i'm ready to have my mind blown. in the meantime, the mark set looking shaky at this point and s&p may miss out on postingity first seven-day winning streak in six years. reak, by the way, folk
. >> is 2013 going to be a good year for investors in the u.s. or what? >> i think it will be. assuming we have some sort of resolution maybe not even by december 31. i think that what you see right now, tyler, is corporate profits so high, interest rates are so low, i just think there is too much money in the system. >> january 1 is one deadline. other deadline is inauguration day. that will do it for "power lunch," sue? >> "street signs" starts now....
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Dec 18, 2012
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see your doctor, and for a 30-day free trial, go to axiron.com. >>> the u.s. was one of 55 nations to refuse to sign the treaty last friday fearing that it would open the door to online censorship. rick santelli has a lot more on that. tell us about it, rick. >> absolutely, carl. i've been watching this story for months now. thanks for the likes of google as the u.n. tries to take over, moderate, become the referee for one of the greatest job creators, one of the most creative endeavors, and that's the internet. so two weeks prior to last friday, 149 countries you all got together at the world teleconference and we do have ambassador terry cramer. welcome. >> thank you. >> maybe you can tell us exactly what most americans should be aware of when we name countries like north korea, china, russia, the arab lock that are trying to control the internet and i find it fascinating that among the biggest trading partners, tell us what is going on. >> rick, it's supposed to be on telecommunications, not on the internet. and what became clear very early on is proposals
see your doctor, and for a 30-day free trial, go to axiron.com. >>> the u.s. was one of 55 nations to refuse to sign the treaty last friday fearing that it would open the door to online censorship. rick santelli has a lot more on that. tell us about it, rick. >> absolutely, carl. i've been watching this story for months now. thanks for the likes of google as the u.n. tries to take over, moderate, become the referee for one of the greatest job creators, one of the most creative...
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Dec 10, 2012
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>>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reagan is on top of that story. >> today is a big day when it comes to holiday shipping and spending. it's fedex's busiest day of the year counting all the orders. ceo estimates it will move a record 19 million parcels today. that's up 11% from last year. part of the reason for the increase is the boom in online sales. the more people click, the more fedex ships. they are shipping millions of gifts ordered on cyber monday. the second monday of december or green monday as coined by ebay is usually the heaviest of the month. last year green monday was walmart.com's heaviest traffic day in december. the world's largest retailer again offering special deals today hoping history repeats itself and shoppers have yet another reason to spend. comscore expects more than $1 billion will be spent online today. >> despite the expectations for online holiday sales, some a
>>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reagan is on top of that story. >> today is a big day when it comes to holiday shipping and spending. it's fedex's busiest day of the year counting all the orders. ceo estimates it will move a record 19 million parcels today. that's up 11% from last year. part of the reason for the increase is the boom in...
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Dec 18, 2012
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so given that the weakest part of the u.s. economy has been capital spending related to the public policy uncertainty, i don't see an avoid the worst case scenario is significantly different from our base which was $1508 billion of fiscal drag which would impact the economy in the beginning of the year. >> barry, don't you think that -- do you really think that the market is going to get that granular, that it's going to get -- the ins and the outs, every last little part of the deal? once word filters on cnbc and other news outlets that a deal has been reached or at least the substance thereof, a framework of the deal has been reached? you know which way the market is going to go, don't you? >> i think it's already done it. this is the psychology that we heard prior to qe forever being announced in september and, of course, the market ripped the day after the qe forever was announced and then that was the peak. right? so, look, you guys are the traders. you're responsible for picking this short-term peaks and troughs. i'm no
so given that the weakest part of the u.s. economy has been capital spending related to the public policy uncertainty, i don't see an avoid the worst case scenario is significantly different from our base which was $1508 billion of fiscal drag which would impact the economy in the beginning of the year. >> barry, don't you think that -- do you really think that the market is going to get that granular, that it's going to get -- the ins and the outs, every last little part of the deal?...
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Dec 12, 2012
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only the private and public sectors working together can get the u.s. economy fully back on track. in particular, it'll be critical that fiscal policy makers come together soon to achieve longer term fiscal sustainability without adopting policy that could derail the ongoing recovery. thank you. i would be happy to answer your questions. >> mr. chairman, steve leisman from cnbc. i guess i have a lot of questions but i will just offer up two here. why are there different targets for qe and for the funds rate? what does that achieve? secondly, what good is a target if you have to reference calendar dates in the statement itself which is the thing you got away from. you had to point out that it is not different from october. do you have to keep doing that from now on to make a clear? and just thirdly, i know i said two. but another paragraph after that that said, that said it is not just target. it is something else. so it is not clear to me what good the targets are if you have to reference a calendar date and then say in the next paragraph it is not targets. >> so first, as i said,
only the private and public sectors working together can get the u.s. economy fully back on track. in particular, it'll be critical that fiscal policy makers come together soon to achieve longer term fiscal sustainability without adopting policy that could derail the ongoing recovery. thank you. i would be happy to answer your questions. >> mr. chairman, steve leisman from cnbc. i guess i have a lot of questions but i will just offer up two here. why are there different targets for qe and...
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Dec 20, 2012
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we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact closed above 10,000 on wednesday for the first time since all the way back to march. overnight it ended up closing down by about 121 points, or make that tuesday. wednesday was the sell-off. where am i? no, no, no, wednesday was the big move up, thursday was the sell-off. they're 12 hours ahead of us. in europe at this hour you can see that there are barely any gains anywhere across the markets. relatively flat for both the ftse, the cac, and for the dax, saz well. again, all of these kind of waiting to see what happens in wa
we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact...
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Dec 6, 2012
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i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host of "futures now." >> crude having a tough day, the question is why. look at this chart dollar strength is causing major pain for oil, our question today is there more to selling than just the dollar rally? let's start talking futures now. rich, beyond the dollar where do you see crude going? >> jackie, the headlines gasoline inventories rose 7 million barrels, that's what's driving the market here. if you took a look at the crude weekly inventories we fell 2 million, that tells us somewhat neutral but the big picture here is that fo
i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host...
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Dec 13, 2012
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john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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Dec 31, 2012
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the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing t
the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend....
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Dec 27, 2012
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. >> drop for u.s. steel. x was down 2%. mike murphy? >> down 2%. what i consider a healthy pull back. this whole sector's had a nice rally on positive china data. so, i think the stock is just pulling back a little bit more than 2% today, but still in a bullish formation. >> and we have a drop here for presents. a drop for presents? tired of tube socks? sick of scarves? here's a problem that many people face. what do you do with the unwanted holiday gifts? more than 350 users have posted items on ebay with the heading unwanted christmas presents and with many rejected presents still wrapped, you can strike it rich on one of these unloved gifts. >> you just had to throw the inlaws in there, right? >> not like i have any experience. but i would imagine that might be difficult. >> that's the regifting move. i like it. >>> coming up next, call it the hottest trade on earth. why a plunging yen is creating big opportunities. >>> and later, the "twilight" movie saga grossing $3 billion for lionsgate. we find out what's next for the company as its stock so
. >> drop for u.s. steel. x was down 2%. mike murphy? >> down 2%. what i consider a healthy pull back. this whole sector's had a nice rally on positive china data. so, i think the stock is just pulling back a little bit more than 2% today, but still in a bullish formation. >> and we have a drop here for presents. a drop for presents? tired of tube socks? sick of scarves? here's a problem that many people face. what do you do with the unwanted holiday gifts? more than 350 users...
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Dec 11, 2012
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. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >> than is currently modelled, that would be optimistic for treasury market and currency market. listen, at the end of the day, this whole idea of the fiscal cliff, they are going to figure this out and kick the can down the road and give themselves nine months or a year to figure this out. it's not going -- this is not going to stick. is just simply not. >> dan, here is the problem. if they wait until fourth of july to get this done -- how long is the can? call it mamp when they get a deal done. if you don't know what your tax rate is going to be for 2013 and you're waiting for congress to make a deal, you're not going to spend as much money if you're in the group that's going to get whacked, you're going to sit on that and say i don't know
. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >> than is currently modelled, that would be optimistic for treasury market and currency market. listen, at the end of the day, this whole...
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Dec 12, 2012
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talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of
talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket,...
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Dec 21, 2012
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that is helping, given the bank is the number two u.s. lender by assets. but there is more to this story. brian moy han, cut head count and the bank is focussing on businesses. less than many other financial stocks in the s&p 500, and just this week, noted banking analyst meredith whitney, upgraded the stock. >> in bank america's case, they will generate over $18 billion in capitol and return to shareholders. he have not seen an opportunity like this in four or five years. >> that's a big moment for meredith. kwee questions do remain as we set to enter the new year. mainly, how does the bank growity revenue and earnings. that's the key question into 2013. housing certainly helped. fiscal cliff today, not helping. as you know, not doing well today. >> thank you so much, scotty. >> up next, bracing for impact. what happens to your money when and if we good over the cliff. you may know my opinion by now. >> blackberry under a jam, but is the company toast? oh, well, the year is nearly over. we will have a fresh boat load of puns in 2013. >>> it beat the stree
that is helping, given the bank is the number two u.s. lender by assets. but there is more to this story. brian moy han, cut head count and the bank is focussing on businesses. less than many other financial stocks in the s&p 500, and just this week, noted banking analyst meredith whitney, upgraded the stock. >> in bank america's case, they will generate over $18 billion in capitol and return to shareholders. he have not seen an opportunity like this in four or five years. >>...
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Dec 11, 2012
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the u.s. economy if we do go over the cliff? >>> the government cashes out of aig. what's next for the company and for the ceo? but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs on
the u.s. economy if we do go over the cliff? >>> the government cashes out of aig. what's next for the company and for the ceo? but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like...
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Dec 3, 2012
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bmw and mini are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving up. thank you, phil. we've seen the sales numbers, but what about the stocks. how do you invest in this group? which automaker could have your portfolio shifting into high gear? we start talking numbers right now. looking at versus ford. carter worth, fundamental, steve cortez, always nice to see you. carter, check it out. tell me about the charts and the technicals. what do the charts tell you, gm versus ford. >> the first chart is a comparative chart, just that, gm versus ford. very clear optically, 75% correlation. the truth is, we like them both. they're both bottoming out, if you will. they're both heretofore weak stocks improving. each has
bmw and mini are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving up. thank you, phil. we've seen the sales numbers, but what about the stocks. how do you...
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Dec 6, 2012
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you've said that jobs in the u.s. are produced by capital investments and equipment in software, not those marginal tax rates. is that the argument? is that why you feel that those are so important in terms of changing the tax code? >> sure. i gave a speech today at the economic club. i put up a chart that shows the relationship of private investment and equipment in software. it looks like railroad tracks. residential investment and government infrastructure, which is way down from historical levels, and business structures investment, that's important, but the locomotive that pulls our economy is investment in equipment and software. whether it's for an oil cater in the basis or a high-tech start-up buying servers and routers and things of that nature. it's our reduced level of capital investment that's produced our low gdp growth rates and our high unemployment. and high tax rates at the corporate level worldwide are directly related to high unemployment levels. you've got to stimulate investment in the united stat
you've said that jobs in the u.s. are produced by capital investments and equipment in software, not those marginal tax rates. is that the argument? is that why you feel that those are so important in terms of changing the tax code? >> sure. i gave a speech today at the economic club. i put up a chart that shows the relationship of private investment and equipment in software. it looks like railroad tracks. residential investment and government infrastructure, which is way down from...
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Dec 21, 2012
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they're losing in the u.s. but if they can gain and hold on to what they've got with the b baptist churcb 10. >> your brother wearing rosie glasses? >> he is a little rosie. when you talk about blackberry 10 there is a lot of hype. you know they say buy rumors sell news. this comes out in january. if it is not just a blowout run away hit, then people are going to sell even harder. the trends are weak and the service that pete is talking about, they're changing the way they're going to be getting revenue. so when netflix did that, that stock lost three-quarters of its value. i don't know this one has the same problem from here. but there are definitely some issues out there on the horizon. >> and i would point to the fact that november 20th the stock was under $10. then it was over $14 just last night. and now you're getting this big pullback. i think some of that is priced in right now. when you look at the blackberry 10 and you're talking about the improved functionality of the browser that is something everyb
they're losing in the u.s. but if they can gain and hold on to what they've got with the b baptist churcb 10. >> your brother wearing rosie glasses? >> he is a little rosie. when you talk about blackberry 10 there is a lot of hype. you know they say buy rumors sell news. this comes out in january. if it is not just a blowout run away hit, then people are going to sell even harder. the trends are weak and the service that pete is talking about, they're changing the way they're going...
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Dec 19, 2012
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the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money aft
the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in...
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Dec 12, 2012
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but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we will hear from blackrock's chief investment officers of fundamental
but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a...
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Dec 1, 2012
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so 350 million u.s. dollars go through the ariba network each and every day, but it's an addressable market of 8 trillion u.s. dollars. so you're connecting buyers and sellers in a global business network. what does that do for the customer? i got everybody competing for my business. i'm going to get a lower price point. >> okay. i get that. now, our friend peter mcclausen, i'm sure you know, he brought in sap and we were always anxious to have it done fast. we made a series of acquisitions. sometimes they just can't call you and have it be done in a day, can they? >> here's the deal. the days of eld old implementat have radically changed. why? because you can put it on the cloud. so many companies today are going to innovate at the edge of the enterprise for their people, their suppliers, their customers or their money. and they'll innovate on the edge of the enterprise in the cloud. or some company, small, mid size as an example and some large once will run their entire company, either a public or priv
so 350 million u.s. dollars go through the ariba network each and every day, but it's an addressable market of 8 trillion u.s. dollars. so you're connecting buyers and sellers in a global business network. what does that do for the customer? i got everybody competing for my business. i'm going to get a lower price point. >> okay. i get that. now, our friend peter mcclausen, i'm sure you know, he brought in sap and we were always anxious to have it done fast. we made a series of...
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u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the company and its ceo for violating public disclosure rules with a facebook post. reed hastings posted netflix monthly viewing exceeded 1 million hours ever. they're required to make full and fair public disclosure of material nonpublic information and hastings i guess thought it was okay and it's a gray area. isn't that full and fair? >> i think it is a gray area because we've always made the argument if you're watching cnbc it's okay because this is a public disclosure, right? i guess facebook maybe it's different because
u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the...
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the u.s. exposed companies have really outperformed the u.s. companies with china exposure and therefore that latter group is cheap. so we like increasing the china exposure. and that could cause a rally overall. but certainly could make some of the china-centric u.s. stocks do better. so i kind of like that trade. >> adam, josh brown. i'm curious. looks like the consensus is coalescing around $113 for s&p earnings next year. my first question is, what multiple is appropriate, given the fact we're going to have these fiscal drags in the form of tax rates and government spending, number one. and number two, are they even close to the mark this year? they haven't been in recent years until we have gotten closer to the end. will this be yet another year where they're wildly off. >> yeah, so i'll answer the second question first. our forecast for 2013 is that we're going to have $99 in s&p earnings. the street is now at $113. i guess the good news is, we see the earnings troughing in the april time frame and beginning to grow after that. so you cou
the u.s. exposed companies have really outperformed the u.s. companies with china exposure and therefore that latter group is cheap. so we like increasing the china exposure. and that could cause a rally overall. but certainly could make some of the china-centric u.s. stocks do better. so i kind of like that trade. >> adam, josh brown. i'm curious. looks like the consensus is coalescing around $113 for s&p earnings next year. my first question is, what multiple is appropriate, given...
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that compares to the three-day rate in the u.s. markets. verizon, at&t, as well as sprint of only 1% penetration. we saw a deeper penetration with china than the u.s. we think demand is very solid. >> all right. at the same time, brian, that doesn't move you to move any of your eps targets or anything like that. it can have a very deep penetration in the china market. there's no china mobile, but it doesn't move the needle at the end of the day. >> typically apple's been 15% to 20% -- or china has been 15% to 20% for apple's revenues. shipping in about 4.5 million iphones into that country. we think that's pretty phenomenal and think it's only going to get better when china mobile ram ups up the iphone 5. while we didn't raise our numbers today, we're still forecasting pretty solid growth, 48 million for the december quarter. we think fundamentals are not the issue here on apple. >> let's get to some of the arguments that were laid out by your cohorts over at citi. one of them is good, but not great demand for the iphone 5. specifically the
that compares to the three-day rate in the u.s. markets. verizon, at&t, as well as sprint of only 1% penetration. we saw a deeper penetration with china than the u.s. we think demand is very solid. >> all right. at the same time, brian, that doesn't move you to move any of your eps targets or anything like that. it can have a very deep penetration in the china market. there's no china mobile, but it doesn't move the needle at the end of the day. >> typically apple's been 15% to...
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Dec 5, 2012
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so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in economies around the world? >> merry fiscal cliff-mas to you. you're going to see more bouncing like a yo yo, on the fundamental story, the models we have pointing going into 1q, the reason, it sort of rhymes in the spirit of the season. you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in th
so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in...
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Dec 1, 2012
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as much as yum is based in the u.s. and owns iconic brands like pizza hut and taco bell, under its roof as well as kfc, china makes up 44% of the china's sales. we should think of yum as a chinese dog with an american tail. does this mean that china which has been showing signs of life is back sliding and all the big expansionist data we've been getting is a false tale? i'm putting it on the line for you tonight. absolutely not. too many good things happening in china. bank reserve injections have really stimulated industrial growth. i think china is going like this. as far as american companies linked with china, it's been a real mixed picture lately. nike has had a very nice run in the united states. but china's been a big disappointment, including concerns over too much inventory. coach is expanding rather rapidly in china. the latest weakness came from the united states, not china. starbucks. i think china is a growth story there frankly. the high quality problem of lines that are too long. i think we'll hear amazin
as much as yum is based in the u.s. and owns iconic brands like pizza hut and taco bell, under its roof as well as kfc, china makes up 44% of the china's sales. we should think of yum as a chinese dog with an american tail. does this mean that china which has been showing signs of life is back sliding and all the big expansionist data we've been getting is a false tale? i'm putting it on the line for you tonight. absolutely not. too many good things happening in china. bank reserve injections...
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Dec 21, 2012
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it was the u.s. elections, the fiscal cliff talks. >> and john, what is it going to be, cab driving or stock picking? >> both. the back heavy trade has been used. the face has been used. so, yeah, i'm not coming back, but hopefully it will be running parallel. >> arnab, staying out of stock picking for now? >> it's not my cup of tea. i would probably be better at driving a cab. >> i wouldn't, that's for sure. john walsh, winner of the trading academy. >>> moving on now, despite fiscal cliff uncertainty at the moment, asia could pick up two. europe will be lucky not to dip into recession, but generally speaking, the outlook for 2013 may be rosy. that's according to kevin gardener, head of investment global strategies. kevin, we've just been talking to people expressing concern about what the drivers are going to be of growth next year. what say you? >> no. that's a good question. and hold on just a second. i don't think we would describe it as positively rosy just yet. we're saying the storm clouds ar
it was the u.s. elections, the fiscal cliff talks. >> and john, what is it going to be, cab driving or stock picking? >> both. the back heavy trade has been used. the face has been used. so, yeah, i'm not coming back, but hopefully it will be running parallel. >> arnab, staying out of stock picking for now? >> it's not my cup of tea. i would probably be better at driving a cab. >> i wouldn't, that's for sure. john walsh, winner of the trading academy. >>>...
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i agree if you named the number one risk factor for u.s. stocks going into the year, the revenue growth game is over and it is really of it to manufacture profits the way we have in the last couple years. >>> coming up, we stay all over what's driving the dow up almost 140 points. >>> and if you like the smell of pepperoni, this new perfume may be for you. so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud noise of metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) awhat strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back. before we do "pops & drops," want to update you again on this market rally today. 125 points, dow has pretty much been sitting at the highs of the day for about the last 45 minutes. you've had bank of america, citi among big winners today from the financial space. energy stocks having a
i agree if you named the number one risk factor for u.s. stocks going into the year, the revenue growth game is over and it is really of it to manufacture profits the way we have in the last couple years. >>> coming up, we stay all over what's driving the dow up almost 140 points. >>> and if you like the smell of pepperoni, this new perfume may be for you. so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud...
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u.s. airways up. southwest has been on fire recently. finally, the insurers. first down day in a long time. in the last couple weeks, generally all of them have been to the up side. this is the first down day in about two weeks. back to you. >> thank you so much, bob. >>> watch out for year end window dressing. we're not talking about the lovely holiday displays. we're talking about what some money managers do to their portfolios to drum up better returns. >>> then -- >> we relied on audited financials. not exactly brand x accounting firm. >> hewlett-packard ceo meg whitman putting d, liotte in the line of fire. the ceo will sit down with us. >>> finds out from the ceo of ppr about what he's expecting for christmas. you're watching "the closing bell" on cnbc, first in business worldwide. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's
u.s. airways up. southwest has been on fire recently. finally, the insurers. first down day in a long time. in the last couple weeks, generally all of them have been to the up side. this is the first down day in about two weeks. back to you. >> thank you so much, bob. >>> watch out for year end window dressing. we're not talking about the lovely holiday displays. we're talking about what some money managers do to their portfolios to drum up better returns. >>> then --...
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u.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'l
u.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now,...